Out of the UAE companies surveyed, 57 per cent said that they plan to increase salaries
Dubai: Should you be expecting a salary increase in 2023? 57 per cent of companies in the UAE that took part in a recent survey said that they planned to increase salaries of employees this year.
In a salary guide released by recruitment and HR consultancy Cooper Fitch, companies spoke about the changes they expect to make to salaries in 2023. Here are the details.
While less than a quarter of the respondents (24 per cent) said that they might decrease salaries this year, 17 per cent of the companies surveyed said that they plan to make no changes. Over a third of the companies (38 per cent) said that they planned to increase salaries by up to 9 per cent, while 21 per cent of the companies said that they planned to increase salaries by 10 per cent or more.
Overall, Cooper Fitch predicted that wages in the UAE will increase by just under two per cent in 2023.
When asked whether they plan to reduce their headcount or hire more employees this year, only 24 per cent of the companies said that they expect to reduce their headcount in 2023, while 59 per cent planned to increase their numbers.
The report stated: “On a broader level, the UAE’s jobs market has enjoyed its strongest year in a decade, with higher than anticipated demand across the public and private sectors.”
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